Nexus 5 appears in clearest leak yet, gets the full hands on

Looks like we've all got a little weekend treat here. What this is, apparently, is a full 7 minute hands on video with the LG Nexus 5. We've been seeing and hearing things for the past few weeks, but this is the clearest view yet at what we're expecting to be Google's next Nexus phone. The video is plastered with smartphones.sfr.fr whom it appears we have to thank.

We've not had chance to digest it all yet, but jump in and take a look for yourselves in the video up top. Early thoughts are that it shows the phone to be running Key Lime Pie, so it's likely an older build of the software and doesn't show us anything new. Also, on the hardware front, the large Nexus logo we've seen repeatedly in previous leaks on the rear of the phone seems to be missing, So maybe this is an earlier prototype of the hardware too. That, plus the "not for sale" sign on the back would indicate this probably isn't a retail unit we're looking at. What do you think of it all?